Switzerland’s unemployment rate decreased marginally in February, in line with expectations, the State Secretariat for Economic Affairs (SECO) said Tuesday.
The unadjusted jobless rate dropped to 3.7 percent in February from a near six-year high of 3.8 percent in the previous month. The figure also matched consensus estimate.
On a seasonally adjusted basis, the unemployment rate held steady at 3.4 percent in February.
The number of overall unemployed decreased to 161,417 in February from 163,644 in January. A year ago, the jobless figure totaled 149,921.
The youth unemployment rate, which applies to the 15 to 24 age group, dropped to 3.6 percent in February from 3.8 percent a month ago.
The material has been provided by InstaForex Company – www.instaforex.com